Online BusinessNalco up on hike in prices
Nalco closed at Rs 392, higher by Rs 16 or 4.5%, on the BSE.
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The stock opened at Rs 376 and touched a high of Rs 393 and a low of Rs 376 during the day.
The volumes surged to 58,553 shares as against the 2-week average of 18,55 shares.
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(Updated at 1018am)
State-run National Aluminium Company (Nalco) has advanced on hike in prices.
The stock opened at Rs 376 and soared to a high of Rs 381. The scrip is now trading at Rs 380, up 1% from its previous close. The counter has clocked volumes of 1,593 shares as compared to the two-week daily average traded volumes of 18,558 shares on the BSE.
Nalco increased the prices of aluminium by Rs 3,500 a tonne. This has been a second hike for the prevailing month following an improvement in the metals rate at the London Metal Exchange (LME).